Strait of Hormuz Blocks $104 Oil and Breaks Global Trade
Ten million barrels of oil, gone every day. When U.S. and Israeli strikes on Iran triggered hostilities on February 28, 2026 and Iran effectively closed the Strait of Hormuz on March 4, global energy markets entered structural shock — Brent crude gained 30.72% in just three weeks as aviation, food, fertilizer, and European natural gas markets fractured simultaneously. The cascade is still in motion, and the final damage has not yet been tallied. Read more »